Best Banks for Business Loan Debt Consolidation 2021

If you plan to consolidate your business loan, banks are one of the best places. Banks offer big amount business loans, but unfortunately applying for a bank loan is not a short and easy process. Banks require high credit score and in some cases cosigner. If you meet their criteria, you can expect up to $10,000,000 and low APR.

ElitePersonalFinance Found The Best Banks to Consolidate Your Business Loan in 2020

Pro tip!

EIf you already have existing and working business, you can apply for SBA loans. Learn more about SBA loans here.

Amount:

$5,000 to $2 million

APR:

6% to 24%

Qualification:
  • 585+ personal credit score

  • 6+ months in business

  • $75,000+ annual revenue

Amount:

$25,000 to $500,000

APR:

11.67% to 36%.

Qualification:
  • 620+ personal credit score

  • 2+ years in business

  • No minimum annual revenue required

Amount:

$5,000 to $500,000

APR:

16.7% to 99.4% as of Q1 2018

Qualification:
  • 500+ personal credit score

  • 1+ years in business

  • $100,000+ annual revenue

Amount:

$5,000 to $200,000

APR:

30% to 70%

Qualification:
  • 550+ personal credit score

  • 1+ years in business

  • $200,000+ annual revenue

Amount:

$2,000 to $150,000

APR:

9% to 40%

Qualification:
  • 600+ personal credit score

  • 1+ years in business

  • $75,000+ annual revenue